TIGR Intrinsic Value – UP Fintech Stock Falls as Removal from Chinese App Market Looms

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UP ($NASDAQ:TIGR) Fintech Holding Ltd, the Chinese online brokerage platform, has seen its stock price fall as it announced plans to remove its app from China’s mainland app market. UP Fintech is a Shanghai-based technology company providing an online brokerage platform and services to individual investors and financial institutions. This was a result of a nationwide campaign by China’s market regulator, the China Securities Regulatory Commission (CSRC), to crack down on online brokerages that violate financial regulations. Despite the drop in the stock price, UP Fintech has still seen a significant increase in customers since its initial public offering last year, and has continued to expand into international markets such as India and Taiwan.

UP Fintech is also continuing to innovate and develop its online brokerage platform, providing a range of services such as research, education, and securities trading services. Although the removal of the app from the Chinese market has had a negative impact on UP Fintech’s stock price, the company remains in strong financial health and appears to be on track for continued growth in the future.

Stock Price

On Tuesday, UP FINTECH HOLDING stock opened at $2.6 and closed at $2.6, representing a 7.4% drop from the prior closing price of $2.8. The stock experienced a significant decrease in value after news broke about the company’s potential removal from the Chinese app market. This news caused investors to worry about the company’s future prospects and its ability to continue operating in the Chinese market. The company has been under pressure recently due to its ties to Chinese companies with political connections that are viewed with suspicion by US authorities. This has led to increased scrutiny of the company, and speculation that the app may be removed from the market.

If that happens, it could have a major impact on UP FINTECH HOLDING’s business, leading to further drops in the stock price. At present, it is unclear what the future holds for UP FINTECH HOLDING, but investors will be closely monitoring the situation for any developments that might affect the stock price. With the potential for a removal from the Chinese app market looming, it is likely that this stock will remain highly volatile in the days ahead. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for TIGR. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for TIGR. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for TIGR. More…

Key Ratios Snapshot

Some of the financial key ratios for TIGR are shown below. More…

Analysis – TIGR Intrinsic Value

At GoodWhale, we have conducted a thorough analysis of UP FINTECH HOLDING’s fundamentals. Our proprietary Valuation Line has informed us that the fair value of UP FINTECH HOLDING’s share is around $8.4. Currently, the stock is being traded at $2.6, which indicates that it is undervalued by 69.2%. As such, we highly recommend investing in this stock. More…

Peers

The competition between UP Fintech Holding Ltd and its competitors is fierce. Hengtai Securities Co Ltd, Central China Securities Co Ltd, Plus500 Ltd are all major players in the industry and are all fighting for market share. UP Fintech Holding Ltd has a strong presence in the online brokerage space and is known for its innovative technology. The company is constantly launching new products and services to stay ahead of the competition.

– Hengtai Securities Co Ltd ($SEHK:01476)

Hengtai Securities Co Ltd is a Chinese investment bank with a market cap of $6.69 billion as of 2022. The company’s return on equity was 3.29% in that year. Hengtai Securities provides a range of investment banking services including underwriting, mergers and acquisitions, and asset management. The company is headquartered in Beijing.

– Central China Securities Co Ltd ($SEHK:01375)

Central China Securities Co Ltd is a Chinese investment company with a market cap of 14.42B as of 2022. The company has a return on equity of 1.11%. Central China Securities Co Ltd is involved in the securities industry in China. The company provides brokerage, underwriting, and other securities services.

– Plus500 Ltd ($LSE:PLUS)

Plus500 Ltd. is a publicly-traded company on the London Stock Exchange with a market capitalization of 1.72 billion as of early 2021. The company provides online trading services for retail customers in various financial instruments, including forex, CFDs, and cryptocurrencies. Plus500 Ltd. is headquartered in Israel and has offices in various countries around the world, including the UK, Australia, and Cyprus. The company has a strong reputation and is regulated by multiple financial authorities, including the Financial Conduct Authority (FCA) in the UK.

Summary

UP Fintech Holding is a leading online investment platform based in China. Recently, the company has announced that it will remove its app from the China Mainland app market. This news has caused the stock price to drop significantly. Investors are concerned about the impact this decision can have on the company’s revenue and profitability. As a result, it is important to analyze the situation thoroughly before making any investment decisions. It is essential to understand the potential risks associated with this move and how the decision could influence the company’s business operations.

Additionally, investors must pay close attention to the company’s financial performance in order to determine whether or not it remains a viable investment option. Ultimately, investors must decide whether or not UP Fintech Holding still offers an attractive growth opportunity in light of the recent news.